Greater San Diego Association of REALTORS® Reports Steady Market Activity in May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a total of 30 sales, reflecting a 6.3% increase compared to the same month last year. New listings rose to 37, while active listings decreased to 53, indicating a competitive market for sellers.

Market Analysis

The Greater San Diego real estate market remains in favor of sellers, with a sales-to-new-listings ratio (SNLR) of 81.1%, suggesting that homes are selling quickly relative to the number of new listings. The months of inventory stands at 2.0, indicating that the market is tight, as a balanced market typically has around six months of inventory. This low inventory level continues to exert upward pressure on home prices, although specific price metrics are not available for this report period.

Property Type Analysis

In May 2026, detached homes accounted for 17 of the total sales, while attached homes, including townhouses, contributed 13 sales. The market dynamics for detached properties remain robust, with a significant number of new listings and a strong percentage of closed sales relative to pending listings. The attached market also shows resilience, with a healthy SNLR and competitive pricing, particularly in the $675,000 range for median sales.

Regional Highlights

The Chula Vista North area, identified by ZIP code 91910, reported 17 closed sales for detached homes with a median price of $843,000, reflecting a competitive market with homes selling at 99.8% of their list price. The attached market in the same region saw 13 closed sales at a median price of $675,000, with a notable year-over-year increase of 15.4% in median price, indicating strong demand for this property type.

For Buyers

Potential buyers are encouraged to act swiftly in the current market, as the low months of inventory and high SNLR suggest that homes are selling quickly. Buyers should be prepared to make competitive offers and consider various financing options to enhance their purchasing power.

For Sellers

Sellers in the Greater San Diego area are well-positioned to take advantage of the current market conditions. With a strong demand and low inventory, homeowners should consider pricing their properties competitively to attract buyers quickly, while also ensuring their homes are in optimal condition to maximize appeal.